Mixed increases were observed in paddy prices in several major agricultural markets nationwide today. While hand-quality varieties showed strength, combine-quality paddy prices remained stable in some areas and slightly declined in others. Market experts believe the current surge in demand for hand-quality paddy is due to rice millers’ increased purchases of better-grained consignments for processing.
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In Haryana’s markets of Ratia, Kaithal, Sirsa, Jind, and Kalayat, prices for 1718, 1885, and 1121 hand-quality paddy remained firm by ₹50 to ₹150 today. This is a relief for farmers, as these varieties had remained stable for the past few days. However, the rise in combine-quality paddy was not as strong, and prices remained within a limited range in most markets.
Punjab’s Kotkapura Mandi witnessed good buying today for 1401 and PB-1 paddy. Prices for these varieties jumped compared to yesterday due to increased demand. Meanwhile, in Fatehabad, Haryana, the price of 1121 hand-quality paddy reached close to ₹3900, the highest level this week.
In Uttar Pradesh, the Mainpuri and Rajapur Mandis witnessed a slight softening due to increased supply of 1509 and 1847 paddy varieties. Large arrivals prompted buyers to push prices down slightly, leading to today’s decline. However, experts consider this a temporary improvement and expect a rebound in prices in the coming days as demand increases.
In view of today’s arrival, the market in Madhya Pradesh’s Dabra Mandi witnessed a flurry of activity with 70,000 bags of paddy arriving. Rates for 1885, 1718, and 1509 varieties remained relatively strong. Many traders believe that the good arrival of quality rice in Madhya Pradesh has strengthened the market this time.
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Overall, hand-quality rice varieties held sway in today’s trading, while combine-quality rice varieties showed mixed signals. Market trends in the coming days will depend on arrivals and demand from millers.